Zacks: Analysts Anticipate Northern Oil and Gas, Inc. (NASDAQ:NOG) Will Announce Quarterly Sales of $171.34 Million

Equities research analysts expect Northern Oil and Gas, Inc. (NASDAQ:NOG) to report sales of $171.34 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Northern Oil and Gas’ earnings, with the highest sales estimate coming in at $185.22 million and the lowest estimate coming in at $160.00 million. Northern Oil and Gas reported sales of $102.27 million during the same quarter last year, which would suggest a positive year over year growth rate of 67.5%. The business is expected to issue its next quarterly earnings results on Thursday, November 14th.

On average, analysts expect that Northern Oil and Gas will report full-year sales of $636.05 million for the current fiscal year, with estimates ranging from $612.00 million to $684.41 million. For the next fiscal year, analysts anticipate that the firm will report sales of $753.23 million, with estimates ranging from $726.40 million to $796.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Northern Oil and Gas.

Northern Oil and Gas (NASDAQ:NOG) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $186.44 million for the quarter, compared to analyst estimates of $153.11 million.

NOG has been the topic of several recent research reports. Seaport Global Securities reissued a “buy” rating on shares of Northern Oil and Gas in a research report on Friday, June 21st. BidaskClub cut shares of Northern Oil and Gas from a “buy” rating to a “hold” rating in a research report on Thursday.

Shares of NOG stock traded down $0.01 on Tuesday, hitting $2.02. 10,181,588 shares of the stock traded hands, compared to its average volume of 5,727,168. The firm’s 50-day moving average price is $1.81 and its two-hundred day moving average price is $2.12. Northern Oil and Gas has a twelve month low of $1.40 and a twelve month high of $4.49.

Northern Oil and Gas Company Profile

Northern Oil and Gas, Inc, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company primarily holds interests in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana.

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